Oracle CorporationShort
Orcl
Thee most overbought mid cap Tech stock on my list right now..
1.At resistance
RSI At 75
Daily money flow At 95!!!
Outside its Bollinger bands
Picture a 15 foot jinga lol.
I'm waiting on a reversal candle to go short
1st target will be 73$.
Things will get nasty very quickly once it's back under 73$.
So how did a company that's not a meme go up 25% in 10 trading days?
2 reasons,
1.pattern - Double bottom
2. 5 Price upgrades in the 70-80$ range.
I've been doing this long enough to spot manipulation.
In the next few sessions you should see some smaller candles followed by some sideways trading; that's the institutions trying to dump at supply area
1.At resistance
RSI At 75
Daily money flow At 95!!!
Outside its Bollinger bands
Picture a 15 foot jinga lol.
I'm waiting on a reversal candle to go short
1st target will be 73$.
Things will get nasty very quickly once it's back under 73$.
So how did a company that's not a meme go up 25% in 10 trading days?
2 reasons,
1.pattern - Double bottom
2. 5 Price upgrades in the 70-80$ range.
I've been doing this long enough to spot manipulation.
In the next few sessions you should see some smaller candles followed by some sideways trading; that's the institutions trying to dump at supply area
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